China's Kweichow Moutai Shares Climb to All-Time High Before Third-Quarter Earnings
Tang Shihua
DATE:  Oct 15 2019
/ SOURCE:  yicai
China's Kweichow Moutai Shares Climb to All-Time High Before Third-Quarter Earnings China's Kweichow Moutai Shares Climb to All-Time High Before Third-Quarter Earnings

(Yicai Global) Oct. 15 --  The stock price of Kweichow Moutai jumped to a historic high today while  the Chinese baijiu maker prepares to announce its third-quarter  financial results tonight. 

Kweichow Moutai's shares  [SHA:600519] crossed the level of CNY1,200 (USD169.70) to trade at  CNY1,207, up 2.3 percent, in the afternoon. The market capitalization  climbed to CNY1.52 trillion (USD215 billion), among the top five in  China. 

In the first half of this  year, the Guizhou province-based distiller reported slowing revenue  growth, with the figure climbing by 17 percent from a previous year to  CNY41.2 billion (USD5.8 billion).

The liquor maker offers its product for CNY1,499 per bottle but due to limited supply, market prices tend to soar. 

Editor: Emmi Laine 

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Keywords:   Share Price,Historic New High,Kweichow Moutai